Greek consumer price inflation slows to 0.2 pct in January
Greece’s annual EU-harmonised inflation rate slowed in January, statistics service ELSTAT data
showed on Thursday.
The reading in January was 0.2 percent from 1.0 percent in December. The data also showed the headline consumer price index turned negative at -0.2 percent year-on-year from 0.7 percent in the previous month.
Greece had been in a protracted deflation mode since March 2013 based on its headline index, as wage and pension cuts and a multi-year recession took a heavy toll on Greek household
Deflation in the country hit its highest level in Nov. 2013 when consumer prices registered a 2.9 percent year-on-year decline. The economy emerged from deflation in June 2016.
You may be interested
Many worldwide oppose more migrationPanos - Feb 19, 2019
As the number of international migrants reaches new highs, people around the world show little appetite for more migration –…
Four bodies recovered in car swept away by flood waters in Crete on Sun.Panos - Feb 19, 2019
The bodies of four people, missing after the car they were riding in was swept away in a flash flood…
Mitsotakis to Greek bankers: Give conscientious borrowers cuts on their mortgage interest ratesPanos - Feb 19, 2019
Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Monday called on Greece’s four systemic banks to include specific reward…